We study the responses of poor Vietnamese rural households to income shocks using survey panel data. The research results are as follows. Households smooth consumption against idiosyncratic income shocks due to ill health, but not against covariate income shocks, such as floods, that affect the whole community. Second, households smooth productive assets against all shocks. Third, income shocks change the risk preferences of households: lower income household heads are more risk averse; but some very low income households are risk-seeking. Fourth, strategies that diversify income sources increase the resilience of household income to shocks.
|Qualification||Doctor of Philosophy|
|Award date||12 Feb 2018|
|Publication status||Unpublished - 2018|